QuantumScape Co. (NYSE:QS) Shares Bought by Prospera Financial Services Inc

Prospera Financial Services Inc raised its holdings in QuantumScape Co. (NYSE:QS) by 34.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 129,143 shares of the company’s stock after purchasing an additional 33,065 shares during the quarter. Prospera Financial Services Inc’s holdings in QuantumScape were worth $743,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of QuantumScape by 2.2% during the first quarter. Vanguard Group Inc. now owns 30,484,915 shares of the company’s stock worth $191,750,000 after acquiring an additional 656,646 shares during the period. Canada Pension Plan Investment Board acquired a new position in shares of QuantumScape during the second quarter worth about $1,950,000. American Century Companies Inc. increased its stake in shares of QuantumScape by 880.6% during the second quarter. American Century Companies Inc. now owns 352,286 shares of the company’s stock worth $1,733,000 after acquiring an additional 316,361 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in shares of QuantumScape during the first quarter worth about $1,002,000. Finally, Nisa Investment Advisors LLC increased its stake in shares of QuantumScape by 6,650.0% during the third quarter. Nisa Investment Advisors LLC now owns 135,000 shares of the company’s stock worth $776,000 after acquiring an additional 133,000 shares during the period. 29.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at QuantumScape

In related news, Director Fritz Prinz sold 12,908 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $5.04, for a total transaction of $65,056.32. Following the transaction, the director now owns 241,195 shares of the company’s stock, valued at approximately $1,215,622.80. This represents a 5.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jagdeep Singh sold 192,270 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $5.99, for a total transaction of $1,151,697.30. Following the transaction, the director now directly owns 2,590,583 shares in the company, valued at $15,517,592.17. The trade was a 6.91 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 702,057 shares of company stock valued at $3,982,909 over the last quarter. Corporate insiders own 12.03% of the company’s stock.

QuantumScape Stock Up 2.4 %

Shares of NYSE QS opened at $5.16 on Friday. QuantumScape Co. has a 12-month low of $4.65 and a 12-month high of $10.03. The company has a market capitalization of $2.64 billion, a PE ratio of -5.43 and a beta of 4.60. The company has a debt-to-equity ratio of 0.03, a current ratio of 14.07 and a quick ratio of 14.07. The firm’s 50-day moving average is $5.41 and its two-hundred day moving average is $5.74.

QuantumScape (NYSE:QS) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.02). During the same quarter in the prior year, the firm earned ($0.23) EPS. Equities analysts anticipate that QuantumScape Co. will post -0.97 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on QS. Hsbc Global Res upgraded shares of QuantumScape to a “hold” rating in a research note on Tuesday. Wolfe Research began coverage on shares of QuantumScape in a research report on Thursday, September 5th. They set an “underperform” rating on the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $6.00 target price on shares of QuantumScape in a research report on Tuesday, September 10th. Truist Financial restated a “hold” rating and set a $7.00 target price (up from $6.00) on shares of QuantumScape in a research report on Friday, October 25th. Finally, HSBC upgraded shares of QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 target price on the stock in a research report on Tuesday. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat.com, QuantumScape currently has an average rating of “Hold” and an average price target of $6.26.

QuantumScape Company Profile

QuantumScape Corporation, a research and development stage company, focuses on the development and commercialization of solid-state lithium-metal batteries for electric vehicles and other applications. The company was founded in 2010 and is headquartered in San Jose, California.